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Southern Company CEO Fanning Appointed To Atlanta Fed Board

By Cassandra Sweet Of DOW JONES NEWSWIRES Southern Co. (SO) Chief Executive Thomas Fanning has been appointed to the board of directors of the Federal Reserve Bank of Atlanta, the company said Monday. Fanning will serve the remainder of a term that began Jan. 1, 2010, and runs through Dec. 31 of this year. Fanning is a Class C director, appointed by the Fed's board of governors in Washington to represent commerce, industry, agriculture, labor or consumers. Southern Co. received federal approval earlier this month to build the first new U.S. nuclear power plant in decades. The company plans to build two new reactors at the Vogtle site in Georgia near the South Carolina border and is waiting for the Department of Energy to close on an $8.3 billion loan guarantee after the company received a license from the Nuclear Regulatory Commission earlier this month. Southern's Georgia utility has estimated the project will cost more than $6 billion, to be split among the project's owners. Southern, which will own 46% of the new reactors, expects to pay $2.2 billion. Oglethorpe Power, MEAG Power, and Dalton Utilities will own the rest of the project. Energy Secretary Steven Chu said earlier this month that he expected Southern to obtain the loan guarantee after the company got its construction and operating license from the Nuclear Regulatory Commission. -By Cassandra Sweet, Dow Jones Newswires; 415-439-6468; cassandra.sweet@dowjones.com

Stock News for Southern (SO)
DateTimeHeadline
06/28/201615:53:14Annual Report of Employee Stock Plans (11-k)
06/28/201614:23:42Statement of Changes in Beneficial Ownership (4)
06/28/201614:22:47Statement of Changes in Beneficial Ownership (4)
06/28/201610:00:00Unit 4 CA05 module placed at Vogtle nuclear expansion
06/27/201609:58:47Statement of Changes in Beneficial Ownership (4)
06/20/201613:30:00Southern Company subsidiary completes issuance of €1.1 billion o...
06/16/201616:00:002016 Clean Energy Roadshow to highlight new energy technologies
06/13/201615:04:00Georgia Power to cease operations of all coal ash ponds within...
06/13/201611:35:18Statement of Changes in Beneficial Ownership (4)
06/13/201611:30:00Southern Company among "Best Places to Work in IT" for a decade
06/10/201613:00:00Final reactor coolant pump for Vogtle Unit 3 arrives
06/09/201615:30:00Stay cool, save money this summer with tips from Georgia Power
06/07/201616:30:00Southern Company, AGL Resources receive merger approval from...
06/07/201615:18:17Statement of Changes in Beneficial Ownership (4)
06/07/201615:17:20Statement of Changes in Beneficial Ownership (4)
06/07/201615:16:24Statement of Changes in Beneficial Ownership (4)
06/07/201615:15:31Statement of Changes in Beneficial Ownership (4)
06/07/201615:14:38Statement of Changes in Beneficial Ownership (4)
06/07/201615:13:47Statement of Changes in Beneficial Ownership (4)
06/07/201615:12:29Statement of Changes in Beneficial Ownership (4)

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